Banking, finance, and taxes
Goldman Sachs Says to Buy Berkshire Hathaway (BRK-A, BRK-B)
Published:
Last Updated:
Warren Buffett likes Lloyd Blankfein. Now Goldman Sachs likes Berkshire Hathaway Inc. (NYSE: BRK-A, BRK-B). In new coverage this morning, Goldman Sachs has initiated Warren Buffett’s conglomerate with a BUY rating. The targets were put at $152,000 for the A-shares and $101.00 for the B-shares.
What is interesting is that Goldman’s note says that the disconnect between Berkshire’s market value and the intrinsic value of the combined business operations is close to a decade high.
The recent moves have taken pressure off the company from having to be an incredibly astute investor into more of an astute business manager. The firm noted that the BNSF acquisition now puts about half of its intrinsic value from operating entities.
The latest run-up in Berkshire Hathaway shares was into the Russell 1000 Index addition. The profit taking from index-arb players and the market itself has shares weak this morning despite the call for upside of about 25%. Berkshire Hathaway’s B-shares are down around $80.60 after an $81.02 close yesterday.
“Gold horseshoe loves Buffett’s heel.”
You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.
JON C. OGG
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
